Britain’s 5.7 million small and medium sized businesses make up around 50% of the jobs in the UK. They are the lifeblood and the backbone of the British economy. Many a young person’s first job is with a small or medium sized business.
• It is vital that they have a trading environment that makes it easier for entrepreneurs to start businesses, to recruit staff, to attract investment, and to have fair access to UK Government markets.
• UKIP will ensure that HMRC thoroughly investigates big business or public-sector bodies that repeatedly make late payment to smaller customers, and we would create an anonymous reporting system. Fines proportionate to the amount of delayed payments will be levied. And will escalate for repeat offenders.